CPI Property Group has signed a lease agreement with LG Electronics Romania, for a period of 5 years – starting with the first quarter of 2024 – for an area of approximately 1,400 sqm, in the myhive S-Park office building. The leased space will be the local headquarters of LG Electronics Romania.
myhive S-Park is the flagship building of the local myhive portfolio, being in the northern area of Bucharest, near Presei Libere Square and Herastrau Park. The building has a modern design, a leasable area of 34,300 sqm and offers various services and facilities designed to support the way of working specific to the post-pandemic period: conference centre with fully equipped rooms of various sizes; generous underground parking; varied infrastructure including a restaurant, cafés, a flower and chocolate shop, a beauty salon, charging stations for electric cars, bicycle parking spaces, locker rooms, and showers, etc. Moreover, the building includes mycowork – the flexible myhive offices, and is BREEAM Excellent and Access4You certified.
“It is a joy for us to expand our tenant portfolio with LG Electronics Romania and we are proud to be able to offer our partners office spaces that reflect our commitment to perfection. I strongly believe that myhive S-Park will perfectly fit the requirements and needs of LG Electronics Romania team, and in their new home they will be able to enjoy all the facilities offered by this unique project”, states Fulga Dinu, Country Manager, CPI Romania.
This transaction was intermediated by SVN Romania.
“LG Electronics Romania’s decision came naturally, taking into account the high level of efficiency of the building, its multiple facilities and services, as well as the green areas, both within the project and in its proximity. The office market is in a period characterized by a very low level of new deliveries, while Presei Libere Square is one of the areas of interest, with a three time increase in the traded area in the first nine months of 2023 compared to the entire year 2022.” said Catalin Stan, Associate Director | Office Division, SVN.
